The wallet distribution of a new SOL chain token shows obvious abnormal phenomena. According to CEX cluster data analysis, a leading exchange's holdings account for only 2%, while another compliant platform surprisingly holds as much as 50%—such an extremely unbalanced distribution is very rare in the market. Large amounts are concentrated in a few wallets, and many addresses are newly created, indicating severely unreasonable liquidity distribution. The token structure poses significant risk hazards, and investors should exercise caution in evaluation.